Grants of up to $20 million are on offer to manufacturers in the food and beverage and defence sectors in a bid to help Australian companies scale.
Food and beverage grants
Australia’s reputation for premium, safe and high-quality food and beverage products and its close proximity to Asia has set up the sector for further growth overseas.
The Manufacturing Translation Stream – Food and Beverage Priority grant will support projects that translate research into commercial outcomes to help Australian food and beverage businesses scale into new markets.
The Manufacturing Integration Stream – Food and Beverage Priority grant is targeting projects that integrate the food and beverage industry into domestic and international value chains.
Defence industry opportunities
The Manufacturing Initiative – Manufacturing Translation Stream – Defence Priority is focused on growing the defence supply chain domestically and internationally, and notes that “Australian manufacturers are in a prime position to take advantage of the increased domestic and global investments in Defence capabilities”.
The Manufacturing Initiative – Manufacturing Integration Stream – Defence Priority, meanwhile, will support projects that integrate Australian businesses into domestic and international defence value chains.
A combined total of $140 million is on offer through the grants, which are set at between $1 million and $20 million each and administered through the Department of Industry, Science, Energy and Resources.
Applications can be made via www.business.gov.au/mmii, with the food and beverage grants closing April 27 and the defence grants closing April 28.